Wise Systems

Wise Systems raises $50M to expedite last-mile product development

Routing and dispatching technology provider Wise Systems announced Wednesday that after 300% year-over-year growth over the past two years, the company has raised $50 million in its recent Series C round led by Tiger Global Management with participation from Section 32, Valo Ventures, Gradient Ventures and Prologis Ventures. 

The company plans to use the additional capital to expedite its product development supporting last-mile delivery operations, along with adding members to the team to...

https://www.freightwaves.com/news/wise-systems-raises-50m-to-expedite-last-mile-product-development

Wise Systems, Mitsubishi Fuso partner to offer aftermarket routing solutions

Much like conditions in the U.S., Japan is experiencing capacity tightening while undergoing an e-commerce boom. 

Studies have found over the past five years, e-commerce sales in Japan have an expected compound annual growth rate of 7.5% until 2024, due to increased mobile phone adoption and consumer confidence in online shopping. Combine this with an aging labor force, and the country expects to be short 240,000 drivers to complete deliveries of these goods.

To optimize available capacity and...

https://www.freightwaves.com/news/wise-systems-mitsubishi-fuso-partner-to-offer-aftermarket-routing-solutions